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UPDATE 1-UK Stocks-Factors to watch on July 13

Published 13/07/2020, 06:51
Updated 13/07/2020, 08:07
© Reuters.

Britain's FTSE 100 (.FTSE) index is seen opening 52 points higher at 6,148 on Monday, according to financial bookmakers, with futures (FFIc1) up 1.2% ahead of cash markets open.

QUIZ : British fashion retailer Quiz (QUIZ.L) said it had suspended activity with a supplier following a media report that the supplier was not meeting legal minimum wage requirements at one of its factories in the English city of Leicester.

5G: BT (BT.L) CEO Philip Jansen on Monday urged the British government not to move too fast to ban China's Huawei from the 5G network.

PRIMARK: Primark, the fashion retailer owned by AB Foods (ABF.L), said it would not take advantage of a British government scheme to pay employers for bringing back staff from furlough.

INVESTMENT: Britain will spend 705 million pounds on border infrastructure to help keep trade flowing after its transition deal with the European Union expires.

FINANCE: British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports" within a year of the UK's becoming fully independent.

OFFICE WORK: British Prime Minister Boris Johnson will tell employers next week to start ordering staff back into their places of work.

HUAWEI: Huawei Technologies (HWT.UL) has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country's 5G phone network.

ECONOMY: Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year.

G4S (CSE:G4S): G4S (GFS.L) said on Friday it had agreed to pay 44.4 million pounds to the UK Serious Fraud Office (SFO) to avert criminal charges.

VACCINE SCHEME: Britain has turned down the chance to join a 2.4 billion euro European Union plan to secure advance purchases of promising COVID-19 vaccines.

OIL: Oil slipped in early Asian trade as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts.

The UK blue-chip index (.FTSE) closed about 0.8% higher on Friday, propped up by a rebound in heavyweight financial stocks.

UK CORPORATE DIARY:

Centamin (CEY.L) Q2 report

For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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